CHENG DUNSON K 4

4 · CATHAY GENERAL BANCORP · Filed Apr 3, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

Cathay General Bancorp (CATY) Exec Chair Cheng Dunson Receives 83,886 Shares

What Happened

Cheng Dunson K, Executive Chairman and Director of Cathay General Bancorp (CATY), received 83,886 shares on April 1, 2026 through the vesting/conversion of performance-based restricted stock units (reported as derivative conversions). No cash was paid to acquire these shares (acquisition price $0).
To cover tax withholding, 13,320 of those shares were surrendered (code F) at an implied price of $50.69 per share, resulting in $675,190 withheld to satisfy tax liabilities. Net shares retained by Cheng after withholding: 70,566 (83,886 gross − 13,320 withheld).

Key Details

Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
Acquisition entries shown at $0 reflect vesting/conversion of performance-based RSUs (transaction code M); withholding entries (code F) show 4,081, 5,647 and 3,592 shares withheld at $50.69.
Total gross shares vested: 83,886. Shares withheld for taxes: 13,320 (cash value $675,190).
Footnotes: these were performance-based RSUs granted July 27, 2023 and vested December 31, 2025. Specific performance multipliers noted: 9,997-target earned at 121.74%; 10,466-target earned at 150%; 20,932-target earned at 52.875%.
Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

These were vesting performance RSUs (conversion of derivatives), not open-market purchases or option exercises requiring cash payment for strike price. The withholding of shares to cover taxes is a common administrative step and does not indicate an open-market sale decision.
Awards like these reflect prior compensation grants and the achievement of performance goals; they are informative about compensation realization but do not by themselves indicate the insider’s view of the company’s stock.

Form 4

Period: 2026-04-01

DirectorExecutive Chairman

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-04-01+13,281→ 151,641 total
Tax Payment
Common Stock
2026-04-01$50.69/sh−4,081$206,866→ 147,560 total
Exercise/Conversion
Common Stock
[F2]
2026-04-01+17,132→ 164,692 total
Tax Payment
Common Stock
2026-04-01$50.69/sh−5,647$286,246→ 159,045 total
Exercise/Conversion
Common Stock
[F3]
2026-04-01+12,078→ 171,123 total
Tax Payment
Common Stock
2026-04-01$50.69/sh−3,592$182,078→ 167,531 total
Exercise/Conversion
Restricted Stock Units
[F4][F1][F5]
2026-04-01−9,997→ 0 total
→ Common Stock (9,997 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F2][F5]
2026-04-01−10,466→ 0 total
→ Common Stock (10,466 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F3][F5]
2026-04-01−20,932→ 0 total
→ Common Stock (20,932 underlying)

Holdings

Footnotes (5)

[F1]Of the previously reported target award of 9,997 shares of performance-based restricted stock units, 121.74% of the target award was earned based upon the achievement of certain performance criteria.
[F2]Of the previously reported target award of 10,466 shares of performance-based restricted stock units, 150% of the target award was earned based upon the achievement of certain performance criteria.
[F3]Of the previously reported target award of 20,932 shares of performance-based restricted stock units, 52.875% of the target award was earned based upon the achievement of certain performance criteria.
[F4]Shares of the Issuer's Common Stock received by the Reporting Person from the vesting of performance-based restricted stock units granted on July 27, 2023. Such restricted stock units were previously reported in Table II on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on July 31, 2023.
[F5]Performance-based restricted stock units vested on December 31, 2025.

Signature

/s/ Georgia H. Lo, attorney-in-fact|2026-04-03

1 file